XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.016%

Price spread now: BingX against Orderly0.000%7-day average +0.025% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)+0.454%+$45 · spread now 0.000%, 7d avg +0.025%

Together, before fees+0.672%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.025% cheaper against Orderly than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.025%). If the spread goes back, that is −$2 on $10k: about 4.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.218% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XPL_USDC	0.09734	0.0079	pay 0.0040% / 4h	2h 52m	$27K	$333K	10x
Short	BingX XPL-USDT	0.09734	0.0100	get 0.0050% / 4h	2h 52m	—	$7.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $4.32
Price spread: 0.000% → +0.025%: −$2.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$14.16
Costs to cover: 0.160%
Break-even: 29.9 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	5.66 bp	15.9 bp −$16	34.8 bp −$348	88.9 bp −$8,889	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit XPL_USDC-PERPETUAL	−0.0676%	1h	0.09711	−0.236%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0336%	1h	0.09703	−0.318%	$4.4M	$4.2M	10x	as long as short
Backpack XPL_USDC_PERP	−0.0318%	1h	0.09700	−0.349%	$179K	$282K	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]	L −0.0067% / S +0.0477%	1h	0.09741	+0.073%	$112K	—	100x	as long as short
dYdX XPL-USD	0.0000%	1h	0.09723	−0.115%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.223%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09740	+0.057%	$72K	—	150x	as long as short
Orderly PERP_XPL_USDClong	+0.0079%	4h	0.09734	long leg	$27K	$333K	10x
Paradex XPL-USD-PERP	+0.0096%	8h	0.09716	−0.182%	$13K	$2K	5x	as long as short
Nado XPL-PERP	+0.0100%	1h	0.09738	+0.044%	$1.4M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XPL	+0.0100%	1h	0.09743	+0.097%	$63.2M	$46.7M	10x	as long as short
Aster XPLUSDT	+0.0100%	4h	0.09726	−0.086%	$252K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09719	−0.151%	$220K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09739	+0.048%	$44.4M	$103.7M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09734	0.000%	$47.1M	$52.5M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09737	+0.031%	$9.0M	$52.8M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09901	+1.716%	$143K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09734	0.000%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09733	−0.010%	$12.9M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09729	−0.051%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09743	+0.092%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDTshort	+0.0100%	4h	0.09734	0.000%	—	$7.9M	—
Variational Omni XPL	+0.0100%	4h	0.09837	+1.063%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09760	+0.266%	$265K	$782K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09840	+1.089%	$25K	$82K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09745	+0.111%	$131K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09700	−0.349%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09700	−0.349%	$206	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09702	−0.329%	$138K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09720	−0.142%	$653K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09742	+0.080%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09717	−0.175%	$1.8M	$1.2M	75x	as long as short
01 Exchange XPLUSD	+0.0448%	1h	0.09714	−0.205%	$565	$582	5x	as long as short
Phoenix XPL	+0.0485%	1h	0.09742	+0.082%	$199K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09965	+2.373%	$75K	$106K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3483%	1h	0.09817	+0.854%	$397K	$806K	10x	as long as short